Plains Gp Holdings (PAGP) Tax Rate (2012 - 2026)
Plains Gp Holdings (PAGP) reported Tax Rate of 2.4% for Q1 2026, down 585.0% year-over-year from 0.5% in Q1 2025, and down 90.48% quarter-over-quarter from 25.23% in Q4 2025.
Plains Gp Holdings (PAGP) Tax Rate (2012 - 2026) Analysis & Trends
Plains Gp Holdings (PAGP) has 15 years of Tax Rate data on file, last reported at 2.4% in Q1 2026.
- Tax Rate for Q1 2026 came in at 2.4%, down 585.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 10.07% (down 92.0% YoY), and the FY2025 annual result was 6.59%, down 192.0% from the prior year.
- Tax Rate slipped to 2.4% in Q1 2026 per PAGP's latest filing, from 25.23% in the prior quarter.
- Over five years, Tax Rate peaked at 25.23% in Q4 2025 and troughed at 34.78% in Q4 2023.
- A 5-year average of 7.32% and a median of 8.25% in 2025 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2023 and 2024: Tax Rate plunged 4228 bps in 2023, then surged 5145 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 7.5% in 2022, then sank by 564 bps to 34.78% in 2023, then jumped by 148 bps to 16.67% in 2024, then surged by 51 bps to 25.23% in 2025, then slumped by 90 bps to 2.4% in 2026.
- Business Quant data shows PAGP's Tax Rate at 2.4% in Q1 2026, 25.23% in Q4 2025, and 6.55% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 24.82% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 1.45% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 22.28% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 6.40% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 0.11% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 20.27% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 24.00% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 10.04% |
| 10 | Plains Gp Holdings | 4.82 Bn | 4.65 Bn | 977.00 Mn | 2.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.40% |
| Mar 31, 2026 | 2.40% |
| Dec 31, 2025 | 25.23% |
| Dec 31, 2025 | 25.23% |
| Sep 30, 2025 | 6.55% |
| Sep 30, 2025 | 6.55% |
| Jun 30, 2025 | 6.99% |
| Jun 30, 2025 | 6.99% |
| Mar 31, 2025 | 8.25% |
| Mar 31, 2025 | 8.25% |
| Dec 31, 2024 | 16.67% |
| Dec 31, 2024 | 16.67% |
| Sep 30, 2024 | 1.95% |
| Sep 30, 2024 | 1.95% |
| Jun 30, 2024 | 18.39% |
| Jun 30, 2024 | 18.39% |
| Mar 31, 2024 | 14.56% |
| Mar 31, 2024 | 14.56% |
| Dec 31, 2023 | -34.78% |
| Dec 31, 2023 | -34.78% |